What's Hot: The 4 Projects in the Works Near DC's Starburst Intersection | A 153-Room Aloft Hotel Pitched For Mt. Vernon Triangle
The Weekly Foreclosure: A Two-Bedroom House Near Rosedale
The Weekly Foreclosure column highlights bank-owned properties around the DC area that we believe may appeal to UrbanTurf readers. In some cases, these properties are in need of major renovation, others may require moderate sweat equity, and some may need nothing more than a dustpan and a mop. A few properties will have information readily accessible for us to present, while others will require a pioneering spirit to venture in and see if we’ve truly spotted a gem.
This week, we look at a 1,248 square-foot two-bedroom, two-bath detached house on the border of Capitol Hill and Rosedale. (Full disclosure: the house is a former dwelling of a friend who rented a room there briefly.)
Built in 1909, the home was a schoolhouse when it was first constructed, and was later converted into a home. Having had the opportunity to tour it, the renovations are extensive and the home now has a gorgeous deck with semi-spacious back and side yards. Steps from The Argonaut and the soon-to-be completed Starburst Plaza, the house seems like a deal at $260,000 with an assessed value of over $315,000 and a Zillow estimated value of $414,500. The house is also just a few lots down from the Architect’s house previously highlighted on UrbanTurf, which sold for a shade under $500,000. It would make a great rental property or solid investment for a first-time buyer.
While the property listing is not easily accessible on most real estate sites, those with a RealtyTrac account can view it here. As with all foreclosures, sellers should do their due diligence. Consulting a real estate agent who has worked with bank-owned properties, always hiring a well-regarded home inspector, and thoroughly scouring the internet and public records for a history of the property are just a few recommended tactics.
1504 Gales Street NE (map)
- Price: $260,000
- Bedrooms: Two
- Bathrooms: Two
- Square Footage: 1,249
- Type: Detached House
See other articles related to: capitol hill, rosedale, weekly foreclosure
This article originally published at https://dc.urbanturf.com/articles/blog/the_weekly_foreclosure_a_two_bedroom_house_near_rosedale/2072.
Most Popular... This Week • Last 30 Days • Ever
In this article, UrbanTurf looks at the estimated annual maintenance costs associated... read »
Another concept has been unveiled for one of DC's most contentious development sites,... read »
The residential development in the works along Florida Avenue NE is looking to increa... read »
Renter demand has continued to push Class A apartment rents in the DC region up this ... read »
In a sought-after Petworth location—steps from the Petworth farmers market, the Pet... read »
- What Are the Annual Maintenance Costs When You Own a Home?
- A First Look At The New Plans For Adams Morgan's SunTrust Plaza
- 46 to 48: The Biggest Project In Trinidad Looks To Get Bigger
- How Much Did DC-Area Rents Rise At The Beginning of 2024?
- Just 10 Residences, From the Low $300s, Debut in the Heart of Petworth
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro